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Precept Financial Solutions – Consumer Complaint

Date This Problem Happened: Sunday, July 8, 2007

State You Live in: Texas

Age Range: 36-50

Total Amount of Fee Paid: $3,400

Company Name: Precept Financial Solutions

Company Address: 12225 Greenville Avenue, Suite 300, Dallas, Tx 75243

Website of Company:

Consumer Statement: Precept Financial offered to negotiate settlement terms on our behalf. They instructed us to pay them money up front while stopping our payments to our creditors. They instructed us to send all creditor letters to them. After making payments to them for about a year. They negotiated a settlement for one of our five vendors. After that, they did nothing. They don’t answer phones; they don’t return phone calls; they don’t respond to faxes; they just do nothing.

Now a debt collector is suing us and we don’t know what to do.

Note: A check of the website simply results in a blank page. The BBB says it appears the company is no longer in business. – Source. A search of bankruptcy filings did not identify that Precept Financial Solutions has filed for bankruptcy. It looks like they have just fallen off the radar. is owned by:
Robert Ward
PO Box 740126
Dallas, Texas 75374-0126
[email protected]

Texas corporate records say the registered agent is:

PLANO, TX 75074

They also indicate the corporation is not in good standing so it appears they have wandered out of business and left the consumer stranded. You may want to click here to find a local bankruptcy attorney to stop the lawsuit and discharge the debt.


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Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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